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  • The Liquidity Network › Log In
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    Original URL path: http://theliquiditynetwork.org/wp-login.php?redirect_to=http%3A%2F%2Ftheliquiditynetwork.org%2Findex.php%2Fimplementation%2F (2016-02-16)
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  • The Liquidity Network › Lost Password
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  • Kilkenny and the Quid: Fertile grounds – The Liquidity Network
    quid in their area For this to happen approval from the Minister of the Environment needs to be sought first This will be our next step If we get approval the introduction of the quid alternative currency comes much closer to realisation There have been also voices for the issuing of paper notes of quids Initially this was not included in our draft but as it has been requested we don t see any major problems in running the mainly electronic quid system alongside a limited amount of paper bills On a public meeting Kilkenny citizens have expressed interest and acceptance to an alternative currency and individuals offering collaboration and leadership have already emerged Both the local government as well as the public are very supportive of the quid system This offers for The Liquidity Network an ideal situation support as well from bottom up as from top down There could be no better fertile ground for the system A next meeting is scheduled for September until then we want to get green light from the Ministry a crucial step That meeting will flesh out in more details how the quid or however Kilkenny wants to name its local currency introduction could work and possibly be able to demonstrate as much as possible So this spurs the developer team on making progress for the simulation A vertical integration of software components using the simulation environment SimPy took place for now it is only a very simple simulation of people getting quids into accounts In subsequent sprints we are going to refine the simulation continuously adding functionality Posted in Adoption Tagged with debt free Kilkenny quid No comments By Fabio Barone July 10 2009 0 Responses Stay in touch with the conversation subscribe to the RSS feed for comments on this

    Original URL path: http://theliquiditynetwork.org/index.php/2009/07/10/kilkenny-and-the-quid-fertile-grounds/ (2016-02-16)
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  • Uruguay to launch new liquidity system – The Liquidity Network
    idea is that city council providers can also trade through this currency said Bonomi In a first stage this system would include just micro small and medium businesses but in the future it could also absorb privates to the network This initiative counts with the support of the ILO IADB Inter American Development Bank and the General Inter American Secretary This project aroused a lot of interest among the region countries such as Argentina Bolivia Ecuador and Venezuela which means that in the future inter regional transactions may be possible Mechanism All over the world similar systems already exist In this case the different element is that the administrator will be the State It works as a network of payments through electronic debits and credits To join the system the companies must request approval of the State Bank From there on the company will be assigned an account in the system This company will be able to order the payment from its account to be credited in favour of a state organism or a private member of the network Accounts will be balanced periodically and participants advised of their trading position This amount will be redeemable into national currency or used to pay for petrol or taxes Bonomi said that this idea was presented to the National Association of Micro and Small business and to the Uruguayan Confederation of Cooperative Entities and other cooperatives arousing great interest among them Implementation The development of the network doesn t create any costs for the country since it was originated in cooperation with the STRO Foundation from Holland which supplies the network model known as C3 Consume and commerce circuit The name for the virtual money circulating through this payment scheme is called internal liquidity although the technicians working on its development adopted a more native denomination charrua name of the Indians that inhibited Uruguay before the colonisation and who were completely exterminated therefore it is ironic that the Uruguayans are called like that even nowadays and more that this name it s used as a icon of local identity However in Uruguay STRO chose a new approach which might also work out well for other C3s Small businesses cannot obtain the same payment guarantees that large businesses receive C3 Uruguay is going to work with a guarantee fund that will assure small businesses of payment on delivery in internal C3 money In such case these small businesses do not have to wait for months until they receive payment and are therefore able to maintain their stock level In the capital Montevideo where over a half of the Uruguayan population lives the same method of payment on delivery in internal C3 units to small businesses will be followed For STRO this new C3 approach is a fascinating experiment because large partners have joined in We therefore hope to gain more insight in what a C3 business network can do with a complementary currency in a poor country Access to the credit Operations would

    Original URL path: http://theliquiditynetwork.org/index.php/2009/06/02/uruguay-to-launch-new-liquidity-system/ (2016-02-16)
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  • The usual story of a debt-free national currency – The Liquidity Network
    Guernsey had thought of exercising this sovereign prerogative An intelligent governor The island was especially in need of a new market house and a committee was set up to take care of it The committee went to see the governor to explain the situation to him We need a new market but we have no money to build it With what material are you going to build a market asked the governor With stone and wood Do you have it in the island Certainly and in plenty Do you have workers Yes again But it is money that is lacking Could not your parliament issue money asked the governor A new idea This idea had never occurred to the committeemen who had never analysed the money question They knew where to get money when there was some but they never wondered where money begins or can begin The method of taxing when there was money was quite familiar But the method of injecting the money that is lacking and of taxing only after was something new to our administrators Issues of national currency An estimate of the cost was prepared and the States printed the money required which was paid to those who either worked on the project or furnished materials for it As the new currency was paid out into circulation among the people exchanges were being expedited The wage earners went to the shopkeepers the shopkeepers went to the producers the producers bought enough to increase their production The currency was accepted everywhere The government took measures against inflation by decreeing that money would be withdrawn by taxes so it does not accumulate And in fact the money was retired on schedule by taxes But as the increasing activity required a corresponding volume of money other issues were brought out by the government for other works On October 12 1822 the new Market house was completed and opened Not a penny of public debt on this public enterprise The bankers intervene At the time of the original issue there was no bank upon the island This explain without doubt why there was no opposition to the issue of State money But ten years after the first issue the island had become so prosperous thanks to the activity allowed by a sufficient volume of money that the banks of England had en eye on this island English bankers set up branches in the island and brought the population around to orthodox rules It was unsound they said to let the government finance its enterprises without getting into debt The bankers did everything to stop further issues to introduce the system of interest bearing loans to the government and to withdraw from the island the State money that had been paid out into circulation There was some resistance but the bankers won their point with their usual methods and on October 9 1836 the States of Guernsey had abdicated their sovereign prerogative over the control of the volume of money

    Original URL path: http://theliquiditynetwork.org/index.php/2009/07/07/the-usual-story-of-a-debt-free-national-currency/ (2016-02-16)
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